Merimen® and Claim Genius® to Launch Artificial Intelligence Solution for Auto Claims
SINGAPORE, Sept. 23, 2020 /PRNewswire-PRWeb/ -- Claim Genius(TM) (http://www.claimgenius.com) a leading AI InsureTech company, and Merimen Technologies (http://www.merimen.com), a market leader in providing SaaS platform for insurance ecosystems, today announced the signing of a strategic agreement for P&C Insurance services enterprises. As part of this agreement, Merimen will be bringing Claim Genius's real time damage estimates for passenger vehicles into its TrueSight(TM) suite of analytics products, and introducing it to Merimen's network of global and regional insurance carriers across 10 countries. This new product, TrueSight(TM) AI Imaging, will include an integrated workflow solution to drive better efficiencies, speed, accuracy and productivity improvements for the automobile insurance services sector. Once the service is implemented, clients will be able to get an instant estimate for repair of the damaged vehicle by utilizing the initial photographs or videos of the accident vehicles.
"We are very excited to announce this partnership with Merimen", said Raj Pofale, founder and CEO of Claim Genius. "The auto claims industry is in the midst of a global revolution, driven by advancements in digital and mobile technology, artificial intelligence, and machine learning. Claim Genius is leading the charge of this transformation through our advanced product capabilities and growing list of technology and delivery partnerships across the entire claims ecosystem. Today Claim Genius is working with large customers in 7 different geographies and becoming a global platform this partnership will further enable us to scale this vision and truly make touchless claims a reality for our customers worldwide."
"Our vision is to reduce claims costs and to drive better efficiencies for our clients," said Trevor Lok, CEO of Merimen Technologies. "By integrating Claim Genius's advanced technology into our TrueSight(TM) analytics suite, Merimen will deliver the industry's most relevant and reliable AI solution to our global clients, driving improved accuracy and efficiency throughout the claims management process," he added.
About Merimen®
Merimen is a market leader in providing a collaborative and information exchange platform for the insurance industry in 10 countries across Asia and UAE. As the pioneer in offering Software as a Service (SaaS) for the motor insurance industry, we have successfully deployed this model throughout the insurance ecosystem communities. We have enabled our clients to grow without disproportionate overheads and provided rapid transformation capabilities with lower risks and predictable cost using Merimen's infrastructure.
About ClaimGenius®
Based in Iselin, New Jersey, USA with development centers in Nagpur & Hyderabad, Claim Genius, Inc is a rapidly emerging leader of AI-based claims solutions for the auto insurance industry. Using Claim Genius's patent-pending image analysis and predictive analytics tools, carriers can provide instant damage estimates and rapid processing of claims based on uploaded accident photos from its easy to use mobile app. Claim Genius aims to reduce claims processing time, increase carrier profitability, and revolutionize the claims experience for insurance customers worldwide. Claim Genius Makes Touchless Claims A Reality.
SOURCE Claim Genius
